The process of systematically scanning for technological, political, legal, social, and demographic changes to discover opportunities to produce new goods and services is called .....

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The process of systematically scanning for technological, political, legal, social, and demographic changes to discover opportunities to produce new goods and services is called ____

A	Entrepreneurial Discovery
B	Entrepreneurship
C	Entrepreneurial Management
D	None of the choices is the correct term.

Explanation:

Detailed explanation-1: -Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions. It is closely related to a S.W.O.T.

Detailed explanation-2: -Discovery The official definition for entrepreneurial discovery, is the process of systematically scanning for technological, political, regulatory, social and demographic changes to discover opportunities to produce new goods and services.

Detailed explanation-3: -The Entrepreneurial Discovery Process is about prioritising investments based on an inclusive and evidence-based process driven by stakeholders’ engagement and attention to market dynamics.

Detailed explanation-4: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022

There is 1 question to complete.

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT